Stamp Duty on £1,000,000
Stamp duty land tax on a £1,000,000 property — standard, first-time buyer, and additional-property rates, 2026.
England and Northern Ireland rates from 1 April 2025: 0% to £125,000, 2% to £250,000, 5% to £925,000, 10% to £1.5m, 12% above. First-time buyers pay 0% to £300,000 and 5% to £500,000, with no relief at all above £500,000 (standard rates apply to the full price). Additional properties carry a 5% surcharge on top of standard rates. Scotland (LBTT) and Wales (LTT) use different bands and aren't modeled here. Not tax advice.
Stamp duty on £1,000,000 by buyer type
| Buyer type | Stamp duty |
|---|---|
| Home mover / standard | £43,750 |
| First-time buyer | £43,750 |
| Additional property | £93,750 |
Frequently asked questions
How much is stamp duty on £1,000,000?
£43,750 for a standard home-mover purchase — an effective rate of 4.38%. First-time buyers pay £43,750 (over the £500,000 relief ceiling, so standard rates apply), and an additional property (second home or buy-to-let) costs £93,750 including the 5% surcharge.
Do first-time buyers pay stamp duty on £1,000,000?
First-time buyer relief doesn't apply above £500,000 — the property is taxed at standard rates, £43,750, the same as any other buyer.
What's the surcharge for a second home at £1,000,000?
An extra £50,000 (5% of the price) on top of the standard £43,750, for a total of £93,750.
Other property prices
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